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" Any corporation formed under this act may purchase mines, manufactories or other property necessary for its business, or the stock of any company or companies owning, mining, manufacturing or producing materials, or other property necessary for its business,... "
Howard's Practice Reports in the Supreme Court and Court of Appeals of the ... - Page 375
by Nathan Howard (Jr.), Rowland M. Stover - 1881
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Reports of Cases Decided in the Court of Chancery of the State of ..., Volume 69

New Jersey. Court of Chancery - Law reports, digests, etc - 1907 - 930 pages
...incorporated under this act may purchase mines, manufactories or S Robbing. See, Receiver, v. Heppenheimer. other property necessary for their business * * *...amount of the value thereof in payment therefor." There the word "property" must evidently be construed by its context which refers to something visible...
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Reports of Cases Decided in the Court of Chancery of the State of ..., Volume 62

New Jersey. Court of Chancery - Law reports, digests, etc - 1902 - 894 pages
...companies owning, mining, manufacturing or producing materials or other property necessary for its business, and issue stock to the amount of the value thereof in payment therefor." The meaning of section 48 is not questionable. The money must equal the face value of the stock. The...
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Michigan Reports: Cases Decided in the Supreme Court of Michigan, Volume 204

Michigan. Supreme Court, Randolph Manning, George C. Gibbs, Thomas McIntyre Cooley, Elijah W. Meddaugh, William Jennison, Hovey K. Clarke, Hoyt Post, Henry Allen Chaney, William Dudley Fuller, John Adams Brooks, Marquis B. Eaton, Herschel Bouton Lazell, James M. Reasoner, Richard W. Cooper - Law reports, digests, etc - 1919 - 800 pages
...may purchase real or personal property necessary for its business, and issue its authorized capital stock to the amount of the value thereof in payment therefor, and the capital stock so issued shall be full paid stock, and not liable to any further call, neither shall...
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Laws of the State of New York

New York (State) - Session laws - 1853 - 1390 pages
...entitled act, may designate one or more places where the company may carry on their business. $ 2. The trustees of such company may purchase mines, ^^...manufactories, and other property necessary for their busi- chaw? mine*, ness, and issue stock to the amount of the value thereof in payment therefor; and...
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Laws of the State of New York

New York (State) - Session laws - 1855 - 1218 pages
...conveyance of and hold the same in the same manner as the said Henry Vendryes now does or can do, and to issue stock to the amount of the value thereof in payment therefor ; and the stock so issued shaJJ be declared and taken to be full stock, and vot liable to any further calls; and to lease or...
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Annual Report of the Board of Railroad Commissioners of the State ..., Volume 3

New York (State). Board of Railroad Commissioners - Railroads - 1907 - 796 pages
...certificate of incorporation, or necessary for the use and lawful purposes of such corporation, and may issue stock to the amount of the value thereof in payment therefor, and the stock so issued shall be full paid stock and not liable to any further call, neither shall the holder thereof be liable for...
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Reports of Practice Cases, Determined in the Courts of the State ..., Volume 6

Austin Abbott - Civil procedure - 1858 - 610 pages
...of any part of the capital stock." The act of 1853 (Laws of 1853, 705) provided "that the trustees may purchase mines, manufactories, and other property...payment therefor, and the stock so issued shall be taken as full stock." It is to be reported not as cash paid into the company, but according to the...
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Laws of the State of New York

New York (State) - Session laws - 1858 - 812 pages
...of this act. The directors of such company may purchase such lands, real estate, buildings *«• "* and other property necessary for their business, and issue stock to the amount of the value therefor; and the stock so issued shall be declared and taken to be full stock, and not liable to any...
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Practice Reports in the Supreme Court and Court of Appeals, Volume 16

Nathan Howard (Jr.) - Civil procedure - 1859 - 616 pages
...of any part of the capital stock." The act of 1853, (Sess. Laws, 705,) provided, " that the trustees may purchase mines, manufactories and other property...stock to the amount of the value thereof in payment Qierefor, and the stock so issued, shall be taken as full stock." It is to be reported not as cash...
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Statutes at Large of the State of New York: Comprising the Revised ..., Volume 6

New York (State) - Law - 1868 - 912 pages
...companies may purchase steamboats, vessels, boilers, engines, machinery, wharves, docks, storehouses and other property necessary for their business, and issue stock to the amount of the actual cash value thereof, and the stock so 73 issued shall be declared and taken to be full stock,...
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